5G spectrum auction: Reliance Jio is the highest bidder for the broadcast wave.
New Delhi:
India’s largest ever broadcast auction has ended with a record of more than Rs 1.5 lakh worth of spectrum sold, according to news agency Press Trust of India. Press Trust of India. Mukesh Ambani’s Jio emerged as a top contractor to solidify his leadership position.
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The provisional figure for the sale amount is Rs 1,50.173 crore and the final figure is being worked out, according to reports.
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The auction lasted for seven days and ended this afternoon.
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The improvement from the 5G spectrum, which is capable of providing ultra-high speed mobile internet connection, almost doubled at Rs 77,815 worth of 4G waves sold last year and tripled from Rs 50,968.37 obtained from a 3G auction in 2010.
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Reliance Jio is a leading contractor for broadcast that is capable of providing speeds approximately 10 times faster than 4G, a connection with no latency, and can allow billions of connected devices to share data over the Internet. real time.
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Followed by Bharti Airtel and Vodafone Idea Ltd.
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The newly joined Adani group is said to have purchased the 26 Mhz frequency band to set up a private telecommunications network.
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Both Bharti and Jio have likely built India-wide spectrum for 5G, with Vodafone Idea’s selective involvement.
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The government has provided spectrum in 10 bands but has not received tenders for airwaves in the 600 MHz, 800 MHz and 2300 MHz bands.
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About two-thirds of the orders are for the 5G band (3300 Mhz and 26 GHz), while more than a quarter of the demand is in the 700 Mhz band – the band that has not sold in the previous two auctions ( 2016 and 2021 ).
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The auction garnered bids worth Rs 1.45 lakh crore on the first day of July 26, with the following days showing only a slight increase in demand in some circles.
